The video discusses breaking news in the cryptocurrency world, specifically involving President-elect Donald Trump’s social media company and its potential acquisition of Bakkt, a cryptocurrency exchange. The “Financial Times” reported that Trump’s company is in advanced talks to buy Bakkt, owned by the New York Stock Exchange parent company, as part of its expansion beyond online conversations. Trump’s media company’s shares rose by more than 8% following the news, while Bakkt’s shares surged by more than 40% before being halted for volatility. Additionally, President-elect Trump is reportedly meeting with the CEO of the cryptocurrency exchange Coinbase to discuss his second administration. Trump has been a supporter of cryptocurrencies and has attended crypto conferences in the past. Brian Armstrong, the CEO of Coinbase, has publicly endorsed Hester Pierce as a potential FCC commissioner. The video provides viewers with the latest developments in the cryptocurrency industry related to President-elect Trump’s involvement and interest in cryptocurrencies.
